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to avoid the fiscal cliff. he'll also have to put together something that will get republican support in the house. this is a last-ditch effort and will be obviously very difficult if it succeeds at all. at this point, the white house still wants that threshold for income tax rates to be at 250,000. it's unclear, exactly what the senate proposal is going to look like. as we understand from sources, al inna, it could be a couple of days, even though this are reconvening tomorrow, it could be a couple of days before they outline the proposal. we're told by sources they are waiting to get republican support in the senate but to build pressure in the house. if they move the deadline close -- move the timeline from unveiling a proposal as close to the new year as possible it increases pressure on the house and, of course, if the house doesn't take up the bill, you can see that we're already sort of setting the scene for the blame game. democrats would point the finger at republicans for going over the fiscal cliff. >> that's been going on for a while as you well know, brianna, and as the p
to the white house today to work on the ever looming fiscal cliff. can he cut a deal with republicans. >>> and david gregory may be in trouble of the law because of that ammo thing he has on his anchor desk. [ male announcer ] the more you lose, the more you lose, because for every two pounds you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ ♪ you make me happy when skies are gray ♪ [ female announcer ] you know exactly what it takes to make them feel better. ♪ you make me happy [ female announcer ] that's why you choose children's tylenol. the same brand your mom trusted for you when you were young. ♪ how much i love you [ humming ] [ female announcer ] children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. [ humming ] by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>> th
have to work tomorrow, presumably on the fiscal cliff, should the house republicans, the leadership, call that body back into session? >> well, i think speaker boehner will be in on the negotiations, and he will know when something might go through the senate, and he will certainly call the house in time to address this. they are prepared to go back, but right now, the action is in the senate, and i know that we're all trying to come up with and talk to our colleagues about some kind of way to avoid this massive increase in taxes that would occur if we don't act. and the things that are going on beneath the surface, i think, are important in the senate side, and i know the speaker will call them back when it's necessary. >> on a different issue, you're from a border state, you're, obviously, retiring soon. immigration, it's something that your party tried to accomplish under george w. bush, was not able to. as someone who can sort of speak freely about it, what's going to need to happen -- what's going to need to be seen from republicans and democrats for that to move forward in any
to the hill by president obama to senate republicans to avert the fiscal cliff. and nbc's white house correspondent peter alexander joins me now. republicans saying, oh, the president is having a deal. the president is saying no. harry reid is saying no. what do we know? >> i guess we know very little. we know this isn't going to be litigated in the mead ra. but the white house wants to make it very clear that there is no new proposal on the way to its hill today despite the comments from senator scott brown and others today, a senior administration telling me a short time ago, and i quote, there is no proposal being sent up today. i think that does it pretty emphatically. that was the language that came from harry reid just a short time ago. the president is here. we have reached out to aides, as well. they say they have no information that he will be speaking publicly today. we also know as you see him arriving only a matter of hours ago that the vice president, joe biden, has been meeting in the white house, as well. but at this point, that's where things stand with barely 100 hour
the finger at the other chamber saying the senate must act on a bill to avoid the fiscal cliff. the gop is blamed for the holdup. no further legislation can move unless republicans drop their knee-jerk obstruction. the mayfield gradual at first, except on wall street. >> the reaction of the financial markets and the stock markets. you could see something quick. >> a top ceo is hoping to jolts them into action. >> i am maintaining my optimism that we will see the republicans and administration come together and do what is right for the country. >> starbucks its in its message that our players in washington and take me out an ad featuring a quotation from lincoln. will it work? we will see. >> hallie jackson, thank you. >> kim dacey is live on what you need to know. >> about a dozen state laws will go into effect next tuesday. we have highlighted just a few. with any new year comes new opportunities and of course new laws. after a battle, gay couples will be able to say "i do" on january 1. another new law changes the election cycle. they will be held on the same cycle as presidential ele
to reach a post-christmas fiscal cliff deal? not optimistic at all, not at all with the way the republicans and congress are acting right now, there's no way. from paul hyatt, yes, they will do it but always at the very last minute. paul asks what happened to statesman who work for the good of the people rather than their own agendas and pockets. keep the comments going, find us on twitter and facebook. >>> we all heard today is one of the biggest shopping days of the year, but it's also a day when consumers try to ditch those gifts not on the christmas lists, but it's always not that easy. >> so who has the time to wait in the long line to return something? i'd rather be home eating a christmas cookie. >> if you don't have any kind of a gift receipt, they make a big hassle about giving you store credit. >> despite the hassles, shoppers will return $62.7 billion in merchandise this holiday season. in florida for us this morning, joining to fill us in, how's it looking there, shoppers looking to collect on deals or return their gifts? >> reporter: it's really a combination. at the mall there
the fiscal cliff. if we go over the cliff, many of you decided who is to blame. 44 percent blame republicaning in congress. here to help us sort it out is the republican strategist and former iowa press secretary. you saw the poll on who gets the blame for this according to rasmusin . does this give president obama breathing room to hold out for the taxes on high earners. so be it it will be worse for conditions. >> i don't think either side wants this to happen. president obama doesn't want to give an inaugural address . conscience don't want to go over the cliff either. you want to start out in a new congress and in the new year on a right foot with a bipartisan agreement. we'll have a smaller deal hopefully before new years. >> i want to play a sound by the from charles krauthammer and get your take on this. listen to charles. >> it is clear from the beginning he had no intention to solve the fiscal issues. he's been using this and i must say with great skill and ruthless skill and success to fracture and basically shatter the republican opposition. the only redoubt of the opp
there will be a conference call with house republicans later this afternoon to talk about the way forward on the fiscal cliff. we got this from another house republican a few moments ago. >> we're going over the cliff because frankly i believe it is what the president wants. if you go back and look how he has handled this negotiation from the very beginning, go back and look what his own administration has been telling him for years. that tax rates need to go up on everybody. this has been the president's position i believe from the very beginning and i think that's where we'll end up. >> reporter: the president suggested a christmas holiday, maybe a cooling-off period, a time for lawmakers to go home and think what they want to do about the fiscal cliff. it sounds like post-christmas everybody is more pessimistic than ever. harris? harris: they have got travel woes too right now. there are people who might want to get back to washington and can't as they wait for certain snowstorms to move along. mike, thank you very much. >> reporter: thank you. jon: you knew the fiscal cliff could hit you hard in the payc
on this fiscal cliff, i think a lot of republicans will move towards that $250,000 number. 24e may not like the president's deal or his approach, but both sides want to extend middle class tax rates. that's the key. both parties agree they want to extend to a certain threshold middle class tax rates. it's all about where that ball ends pup. >> so you think republicans will go for $250,000. >> i don't think the republican leadership will agree on $250,000, but you will see as many republicans move towards $250,000, maybe a scattering in the senate, a scattering in the house, because at the end of the day they want to extend as many rates as possible. >> but, richard, the real question here, they don't have to agree to $250,000 but they have to let a vote happen on $250,000. in of that case mitch mcconnell would have to agree not owe filibuster and speaker boehner would have to allow the bill to come to the floor. it's 9 process disagreements. >> i may not be the only person who is getting confused on the optimist/pessimist signals. let's listen to what we heard from a couple senators. first
scrambles to avert the fiscal cliff. >> president obama asked congressional leaders to convene at the white house today. >> if the president and lawmakers cannot reach a deal economists warn that could trigger another recession. >> are they going to avoid the fiscal cliff, eric? >> the gulf war general known as stormin' norman has died. gen malnorman shwards cop of dread the coalition that drove saddam hussein's forces out of kuwait. >> the monster storm system finally moved out but some are bracing for another round of snow. >> more than 14,000 longshoremen are planning to strike on sunday the walk-out could affect ports from boston to houston. >>> for the second time this month a man has been pushed to his death in the path of a new york subway train. >> crazy people running the streets. >>> an uninvited guests slithered into a backyard in florida. >> somebody else got the shower on the sideline. >> jamal crawford who i think should be an all-star coming off the bench is dangerous. be still. >> and all that matters. >> hillary clinton plans to go back to
cliff is not dealt with. we just learned house republicans convened a conference call with members to say be on 48 hours notice to come back to washington in the next few days to deal with this one way or another. the senate coming back into session tomorrow morning 10:00 a.m. eastern time. the president on this red eye will be flying basically overnight tonight into tomorrow, get there early in the day and maybe convene congressional leaders at some point. interesting that starbucks, the coffee company, is running a row motion in d.c. stores where the they're writing come together on the coffee cup. right now, they're a bit far apart. >> i heard you talk about that 78-degree cold front that swept through the islands. before he headed out, how did the president celebrate christmas? >> yeah, it's been rough. you're right. 78 degrees is probably better than where you are right now, but the bottom line is that hawaii is always beautiful this time and the president started a tradition when he comes out here for christmas, which is to go to the marine base here and thank the troops. tak
't want it to be part of the fiscal cliff negotiations. it does kind of create ship republicans can use against president obama, get out of this deal as well. dennis: didn't tim geithner say all the deadline, december 31st, there's some stuff we will do. a few hundred billion here and there, trying to turn up the pressure on republicans. >> and official letter, the responsible treasury secretary also says we take extraordinary measures, fewer available than they did last round, accounting and gimmicks, not anything permanent, another $200 billion of head room under the limit which gives another two months but these are not precise numbers, we can tell you where we will hit it, they're lying or misinformed. you never know what tax receipts will look like. whenever know -- shibani: is ambitious to tackle fiscal cliff talks toy? >> they sound like they are related and they are in a longer-term strategy. in the short term the fiscal cliff is dealing with the budget and the debt ceiling is money that congress has voted to spend a. it is leverage. shibani: one side has leverage over the other
america from falling off the fiscal cliff. how does the president when this optics war, grover? >> it is all politics. he has not put a proposal on the table that makes any sense. republicans have actually passen plan a, bu the ryan budget, the ryan plan. ent saving transit dollars over the decade. it reforms taxes, does not raise it, reforms that without raising taxes on people. so that is a plan that is passed in the house of representatives in the house of representatives republicans in the senate. the alternative to that is nothing. eric: we know that will not pass the senate and we know the white house will not sign it. here is what my contention has been. allow me. work with me. very important question at the end of this. we go off the cliff, all the tax cuts expire, sequestration,ick whatever. here is the question though. if president obama then says i will put in the tax cuts for anybody making under $250,000 per year, call it obama taxll r cuts, will republicans say no to voting for a tax cut? >> the interesting question is with. interesting question is we are at the b
.c. and save america from the fiscal cliff. how does the president win this optics war, grover? >> well, it's all politics. he's not put a proposal on the table that makes any sense. when talk about plans a, b, and c, the republicans have passed plan a, the ryan bill, ryan budget and plan. that saves $6 trillion over the next decade. it reforms entitlements. it reforms taxes. doesn't raise them, reforms them without raising taxes on people. so that's a plan that's written down that's passed the house of representatives and has strong support among republicans in the senate. the alternative is nothing. >> we know that's not going to pass the senate and we also know the white house isn't going to sign that. move on. my contention is after -- >> allow me. >> work with me. it's an important question. let's say president obama says we're going off the fiscal cliff. we go off the cliff. tax cuts expire, sequestration, they kick it down the road. if president obama then says i'm going to put in tax cuts for anyone making under $250,000 a year. i'm going to call them obama tax cuts. will runs say n
like likely life hawaii and opped into washington, d.c. and save america from the fiscal cliff. how does the president win this optics war, grover? >> well, it's all politics. he's not put a proposal on the table that makes any sense. when talk about plans a, b, and c, the republicans have passed plana,he ryan bill, ryan budget and plan. that saves $6 trillion over the next decade. it reforms entitlements. it reforms taxes. doesn't raise them, reforms them without raising taxe on people. so that's a plan that's written down that's passed the house of representatives and has strong support among republicans in the senate. the alternative is nothing. >> we know that's not going to pass the senate and we also know the white house isn't going to sign that. move on. my contention is after -- >> allow me. >> work with me. it's an important question. let's say president obama says we're going off the fiscal cliff. we go off the cliff. tax cuts expire, sequestration, they kick it down the road. if president obama then says i'm going to put in tax cuts for anyone making under $250,000 a year
. president obama and others are traveling back to get in session. if republicans and democrats can't agree, the session won't meet. every american will be hit with higher taxes new year's day because of the fiscal cliff. a teacher with $43,000 a year will get a tax hike of more than $3,000 a year. a professional athlete would see his taxes go up more than 2.4 million a year. unemployment benefits for some 2 million people would expire. the nation may fall back into a recession. >>> even star bucks is getting into the fight on the fiscal cliff. their ceo wants workers to write come together on the coffee cups they serve thursday and friday. it's the company's way of telling the politicians to find common grounds. >> if people would get in the room and leave their ego behind, but be so sensitive to the'ds of the american people, we would have an agreement. >> a suggestion from the ceo. baristas won't be forced to write anything on the cup. >>> regardless of the fiscal cliff, the new year will bring new laws. same sex marriage will be allowed in maryland. that is not not the only new law. we
to the fiscal cliff. there are some signs of hope this morning. and it oob thanks to republican senate minority leader mitch mcconnell. peter doocy live in washington with the very latest. peter, i guess they reconvene 1:00 tomorrow which leads them oh tons of time to avert that fiscal cliff you are hearing from administration officials down here that republican the senatech mcconnell the is trying really hard to figure out a way to avoid the fiscal cliff public. >> we had a good meeting at the white house. we are engaged in discussions, the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the expwrort leader can make to his conference. >> at yesterday's white house meeting, president obama did not offer negotiators anything new. he just tried to sell them on the same plan he outlined last friday, being called plan c. since the president's plan a and speaker boehner's plan b both failed to gain traction. plan c would extend middle class tax rates and we're told the senate wants
the republican john boehner for the stall in talks on fiscal cliff. dana bash is our congressional correspondent. it just seems like this is the blame game. the house speaker would blame the president, the senate majority leader would blame the house speaker. who is to blame in all this? >> everybody is, carol. it's the blame game. i'm a little surprised at how personal harry reid just got in going after the speaker. it is true that things have clearly broken down, that goes without saying, and that the democrats were not happy that maybe a week and a half ago the speaker pulled out of talks with the president after they had reached a pretty good amount of progress. but the fact that he called the speaker a dictator and in the next breath said he's worried about his job, it's a little contradictory, but very personal. let me give you a little bit of a reality check. that is it is true that the house is not in session. they will come in quickly at 2:00 in a pro formal way and house republican leaders have told members they will give them 48-hours notice and that hasn't happened yet. but senator r
. when you look at the fiscal cliff if you think the deficit is the problem, going over the cliff addresses that problem in a big way. >> saying no deal's better than a bad deal. >> once we go over the cliff and i come to the belief we are, we're going to all be asking for a parachute. the markets are going to go to hell in a hand basket and people are going to start screaming bloody murder. >> if the idea that the deficit is the problem, that will be addressed by going over the fiscal cliff. i happen not to think that the zefts the main problem but it calls people's bluff. >> how in the world is it we can tell our children, you can't give your way up everything, so you and your brother and sister, you better figure it out. it works with my nieces and nephews, but for some reason, if it works in congress, it's a mushy deal or really isn't going to work. i'm sorry, folks, if it works for children. it can work with congress. >> stop the sand box politics. i couldn't agree more. we heard one congressman at the top of the show saying they shouldn't have gone home at christmas. do you
of this, are they not? >> i think everyone will stumble off the fiscal cliff if you will. we're going to have a patch. and yes, the republicans right now are not looking as good as they would hope to especially after the election. >> that's putting it lightly. >> it's a nice saturday afternoon. there's no reason -- but fact is that they do have one more card to hold. and that's the debt ceiling debate. and that's something where they could really be strong on spending cuts. if they have to give in and come up with this patch, everyone is going want this debt ceiling done before the president's state-of-the-union or hopefully before his inaugural speech. so the president's looking long term. he's looking legacy. and here's where republicans have a chance to cut a better deal than normally expected. >> democrats feel like they're in a pretty good position right now whatever deal comes out of it may be one they can stomach? >> i hate to pop the optimism bubble. but i think progressives should be a little bit concerned for a couch reasons. one is if you look at logistically how this has t
is not favorable to republicans at this moment about the fiscal cliff and the markets out there again could be very, very harsh if there is no deal. so i don't know about christmas cheer but i think there are certain political realities that say there's got to be something done, even if it's a temporary patch that allows them to say we're going to have the big vote in terms of the cuts and tax hikes and reform, you know, in a few weeks. but they have got to do something in the short term or they're going to be dire consequences. i don't think that is any hyperbole, kelly, it is just the truth. kelly: just the truth. bottom line so i let you go, what is your next guess, deal or no deal? >> i think they get some kind of deal. it may pass the january 1st, december 31st deadline to get the house vote but i think you will see something done. kelly: maybe a pared down version but something will get done. kelly, have a happy holiday. >> you too, juan. jamie: the taliban is claiming responsibility for a homicide car bombing in khost. it is at the very same base where seven cia employees were killed three y
as they can, even if it means going over the fiscal cliff. so if harry reid and mr. mcconnell can't come up with something, then you've got barack obama's proposal. >> joy, even before it gets to the house republicans, there are plenty of republicans in the senate who can mess this up, right? even if mcconnell and reid have a deal, there's no guarantee that there isn't a single tea party-backed senator. >> well, i mean, at the end of the day, look, mitch mcconnell is a much better leader of his caucus. and mcconnell has really controlled the leaders. the fact that he's meeting with harry reid means there probably isn't going to be a filibuster. i'll find that very surprising. the problem is that never have we seen, not in my lifetime, a weaker speaker of the house of representative than john boehner. john boehner has essentially thrown up his hands and walked away from this process. he's walked away from the constitutional mandate that senate and tax bills come from the house, not the senate. and he's said you guys pass something. they were going to pass something. it's the house that's the
be nice in one of the cups sniet would be nice. >>> that is our top story, the looming fiscal cliff and what appears to be a new sense of optimism about finding a path around it. there isn't much time. just three days for the president and congressional republicans to find common ground on taxes and spending. for the latest let's go to chief correspondent at the white house major garrett. good morning. >> good morning, rebecca. president obama met with the four top leaders yesterday. he met for just over an hour. now, earlier in the fiscal cliff talks, meetings like this had tended to be tense and nonproductive but this meeting gave rise to hopes of a last-minute deal. for the first time in weeks president obama reported genuine progress to averting some part of the so-called fiscal cliff. >> i'm modestly in agreement we'll achieve. >> they're now chasing a much smaller deal than originally sought. the final product if there is one will not include trillions in debt reduction or federal spending or tax code reform. it won't even include across the board spending
the fiscal cliff. >> six days away. dana, what would majority leader reid have to add to the legislation to peel off just a few republicans, enough to get it through the house? i don't know if he would get widespread support from mitch mcconnell and the leadership, but just a few who are maybe retiring, or leaving the senate. >> reporter: that's a great question. first and foremost they would have to be able to swallow the idea that they will effectively vote to raise taxes on the top 2% of americans which most republicans said they do not want to do because they think it is bad for the economy. to answer your question, it is probably the biggest sweetener for republicans and seen some moderate democrats by the way is the estate tax. the estate tax is in place right now at a relatively low threshold. it would go up big time at the end of the year. and that is something that is very important to a lot of republicans. that could be a sweetener. i think probably the best argument the democrats have for some of those republicans is that they don't want to be in the way or they don't want to
in response to what was going on in washington on the fiscal cliff. so they know this is angering people and they know this is affecting people's fortunes and livelihoods. but what they don't want to do is give up on deeply held principles. and a lot of these house members got elected in districts that don't look anything like the rest of america. they're very extreme, gerrymandered districts in many case s with ca ca ca cases, and their own personal careers depend much more on how they're perceived back at home. so they don't necessarily care that this is one of the most unpopular congresses in recent history and one of the most unproductive congresses in recent history. they want to stick by their principles. >> it's true. and a lot of them say, eamon, i've been elected to be a check on the president and that's what a lot of this is about. >> right. this is deeply held, fundamental belief on both sides and there's a huge chasm between the two sides on these issues. and somebody's going to be a loser here if there's a deal. somebody's going to be perceived as having gotten rolled and ne
to headlines. start with fox news alerts. we may have the first sign of progress on the fiscal cliff. >> huh? >> listen up. just minutes ago on "fox news sunday" republican senator are lindsay graham said this. >> i think people don't want to go over the cliff if we can avoid it. what have we he accomplished? political victory for the president. he stood his ground. will get tax rate increases maybe not at 250 but on upper income americans and the sad news for the country is we accomplished very little in term its of not becoming greece or getting out of debt. this won't affect the debt situation. >> sort of hats off, wink, wink. >> the president told "meet the press" they hope to get a deal condon in the next 48 hours. >>> police say a guy broke into a woman's home and drove her to the bank of america branch where she worked. she triggered an alarm but the suspect escaped before police arrived. it took the bomb squad three hours to remove the device from her neck. she did escape unharmed luckily. >> a best friend becomes a hero after rescuing a boy who fell through the ice in iowa. they wer
down and asking themselves why they let the democrats define the rules of debate on the fiscal cliff. the house should have passed a bill saying you cannot use money for medicare to finance obamacare. the plan to finance obamacare and the house should have passed a bill on that. or how about passing a bill that any reform of entitlements -- medicare and social security -- cannot involve taking away benefits from those on the system today and those about to go on the system. you can make good reforms to young people. they should have passed a tax simplification bill. host: next call comes from john in pennsylvania, republican line. caller: good morning. president eisenhower, the rate for the top taxpayers never went below 91%. now we cannot seem to get it up to 39%. in 2001, we had the largest budget surplus ever. 10 years later it would have the largest deficit ever. in 2001, we had $5 trillion in debt. we gained $10 trillion in debt in less than 10 years. $5 chilean was because of the bush tax cuts -- $5 trillion was because of the bush tax cuts. guest: there were numerous tax shelt
of the president and democrats to avoid going over the fiscal cliff. >> when i listen to the president i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all this additional tax revenue for new programs. he gets to cut the military, which democrats have been calling for for years. and he gets to blame republicans for it. >> and most republicans now looking even past january 1st and seeing the coming fight over raising the debt ceiling after the inauguration as their best chance of pushing president obama and democrats for more budget cuts. >> the big chance for a big deal is that the debt ceiling -- that is when we'll have leverage to turn the country around, prevent it from becoming greece and save social security and medicare. >> as a practical matter no matter what congress and the white house do before the end of the year it is already too late for most employers to accurately withhold taxes from the january pay checks unless there is no change so workers will feel immediately for example that
Search Results 0 to 30 of about 31 (some duplicates have been removed)